Section 267: Application and minimum application value

Q: What does Section 267 of The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR) deal with?

Section 267 ICDR pertains to "Application and minimum application value". It is part of the The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a legislation enacted by the Parliament of India. Section 267 of The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR) governs application and minimum application value. As verified on 19 May 2026.

Q: Is Section 267 ICDR still in force?

Yes, Section 267 of the The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 is currently in force across the Republic of India.

Q: What is धारा 267 ICDR?

धारा 267 ICDR is the Devanagari Hindi reference for Section 267 of the The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Section 267 of The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR) governs application and minimum application value. As verified on 19 May 2026.

Q: What is Dhara 267 ICDR?

Dhara 267 ICDR is the Roman Hindi reference for Section 267 of the The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. "Dhara" means "Section" in Hindi. Section 267 of The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR) governs application and minimum application value. As verified on 19 May 2026.

Q: How to cite Section 267 of The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018?

Cite as: "Section 267, The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR)" in legal briefs. For academic writing, use the BlueBook format: The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, § 267 (India).

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(1)

A person shall not make an application in the net offer category for a number of specified securities that exceeds the total number of specified securities offered to the public.

Provided that the maximum application by non-institutional investors shall not exceed total number of specified securities offered in the issue less total number of specified securities offered in the issue to qualified institutional buyers.

(2)

The minimum application size shall be one lakh rupees per application.

(3)

The issuer shall invite applications in multiples of the minimum application amount, an illustration whereof is given in Part B of Schedule XIV.

(4)

The minimum sum payable on application per specified security shall at least be twenty five per cent. of the issue price:

Provided that in case of an offer for sale, the full issue price for each specified security shall be payable on application.

Explanation: For the purpose of this regulation, "minimum application value " shall be with reference to the issue price of the specified securities and not with reference to the amount payable on application.